Bihar Gramin Bank HEAD OFFICE IFSC Code

The HEAD OFFICE branch of Bihar Gramin Bank is located in Patna, a major city in Bihar. For anyone needing to transfer funds, whether through NEFT, RTGS, or IMPS, knowing the correct Indian Financial System Code (IFSC) is essential. This unique code makes sure your money goes to the right bank and branch quickly and securely.

Branch Details

Detail	Information
Bank Name	Bihar Gramin Bank
Branch Name	HEAD OFFICE
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7401
Branch Address	HEAD OFFICE, Patna, 800016, 9771446104
Contact Number	9771446104
City	Patna
District	Patna
Reason	Patna
Pincode	800016
State	Bihar

Merger Update

It’s important to understand the changes that have happened with regional rural banks in Bihar. Both Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) have merged. They are now operating as Madhya Bihar Gramin Bank, which is sponsored by Punjab National Bank.

Because of this merger, all old IFSC codes belonging to the former UBGB and DBGB branches have been cancelled. For any transactions with the HEAD OFFICE of what was previously known as Bihar Gramin Bank, you must now use the new, single IFSC code: PUNB0MBGB06. This is the only valid code for financial transfers to this branch.

What is IFSC Code?

The IFSC is an 11-character alphanumeric code. It’s used to identify all bank branches in India. This code is crucial for online money transfers.

• The first four characters represent the bank name. For PUNB0MBGB06, “PUNB” stands for Punjab National Bank, which is the sponsor bank for Madhya Bihar Gramin Bank.
• The fifth character is always a ‘zero’ (0). This character is reserved for future use.
• The last six characters identify the specific branch. For PUNB0MBGB06, “MBGB06” refers to the HEAD OFFICE branch.

How to Use IFSC Code

You will need the IFSC code whenever you want to send money electronically to a Bihar Gramin Bank (Madhya Bihar Gramin Bank) account. Here’s how it works for different types of transfers:

• NEFT (National Electronic Funds Transfer): This system lets you send money from one bank to another. You’ll enter the recipient’s bank account number, bank name, and the correct IFSC code. Transfers are processed in batches throughout the day.
• RTGS (Real Time Gross Settlement): RTGS is for large value transactions, typically Rs. 2 lakh or more. When you use RTGS, the money is transferred instantly. You will need the same details as NEFT: recipient’s account number, bank name, and IFSC code.
• IMPS (Immediate Payment Service): IMPS allows instant, 24/7 fund transfers, even on holidays. You can use it via mobile banking or internet banking. Like NEFT and RTGS, it requires the recipient’s account number and the IFSC code.

Benefits of Knowing the IFSC Code

Knowing the correct IFSC code for Bihar Gramin Bank’s HEAD OFFICE provides several benefits:

• Accuracy: Ensures your money goes to the correct branch, avoiding delays or misdirection of funds.
• Security: Helps in secure and authenticated electronic fund transfers.
• Speed: Facilitates quick processing of NEFT, RTGS, and IMPS transactions.
• Nationwide Transfers: Enables easy transfers to and from any bank branch across India.
• Online Banking: Essential for setting up beneficiaries and executing transactions through internet banking or mobile banking apps.

Contact Information

For inquiries related to the HEAD OFFICE branch or Madhya Bihar Gramin Bank services, you can use the following contact details:

• Branch Phone Number: 9771446104
• Branch Address: HEAD OFFICE, Patna, 800016
• Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

Frequently Asked Questions (FAQs)

Here are some common questions about IFSC codes and their use:

Q1: What happens if I use an old or incorrect IFSC code?

A1: If you use an old or incorrect IFSC code, your transaction will likely fail. The bank’s system will reject the transfer because the code does not match a valid branch. This can cause delays in your payment. Always verify the current IFSC code before initiating a transfer, especially after bank mergers.

Q2: Is the IFSC code mandatory for all types of bank transactions?

A2: The IFSC code is mandatory for all electronic fund transfers such as NEFT, RTGS, and IMPS. For cash deposits or withdrawals directly at a branch, or for cheque payments, an IFSC code is not typically required.

Q3: How can I find the correct IFSC code for another bank branch?

A3: You can find IFSC codes on the bank’s official website, on your chequebook, on your bank passbook, or through various reliable online financial portals. It’s always best to cross-check the information from multiple sources to ensure accuracy.

Q4: What is the difference between IFSC and MICR code?

A4: The IFSC (Indian Financial System Code) is used for electronic fund transfers (NEFT, RTGS, IMPS). It has 11 alphanumeric characters. The MICR (Magnetic Ink Character Recognition) code is a 9-digit numerical code printed on cheques. It’s used for processing cheques and clearing payments. They serve different purposes but both identify bank branches.

Q5: Can the IFSC code change?

A5: Yes, an IFSC code can change, primarily due to events like bank mergers, acquisitions, or branch relocations. When such changes occur, banks usually inform their customers. It’s crucial to stay updated with the correct IFSC code, especially for regular online transfers.